Clean Coal Technologies, Inc. Announces Receipt of Fourth Advance of Funding for the Test Facility in Tulsa, Oklahoma
NEW YORK, NY -- (Marketwired) -- 08/10/15 -- Clean Coal Technologies, Inc., (OTC PINK: CCTC) ("CCTI" or the "Company"), an emerging cleaner-energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, today announced the receipt of the fourth advance of additional financing towards the completion of its test facility in Tulsa, Oklahoma, from Black Diamond Financial Group. The Company intends to primarily use the proceeds of this fourth advance of financing to commence the transition from the warehouse to the AES Coal Fired Utility at Shady Point and into the commissioning stage.
"Now that fabrication is complete work has begun on relocating the plant to AES. The additional funding ensures a seamless transition and enables CCTI to continue to meet our schedule for the commissioning of the plant and the move into the commercialisation stage later in the year. We continue to move forward in a positive manner and the entire team is focused on execution and meeting our milestones at this very exciting and critical stage of the company's development," said Robin Eves, CEO and President of CCTI.
About Clean Coal Technologies, Inc.
Clean Coal Technologies, Inc., a cleaner-energy technology company with headquarters in New York City, NY, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The Company's trademarked end products, "Pristine(tm)" coals, are significantly more efficient, less polluting, more cost-effective, and provide more heat than untreated coal. The principal elements of the Company's pre-combustion technology are based on well-proven science and tried-and-tested industrial components. The clean coal technology that the Company is developing is designed to reduce some 90% of chemical pollutants from coal, including sulfur and mercury, thereby resolving emissions issues affecting coal-fired power plants. For more information about the Company please visit our website at: www.cleancoaltechnologiesinc.com
Forward Looking Statements
This release may include forward-looking statements related to CCTI's plans, beliefs and goals, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include, but are not limited to, statements about CCTI's plans, objectives, expectations and intentions with respect to future operations, its products, its ability to secure financing for its operations, the impact on the industry and other statements identified by words such as "will," "potential," "could," "can," "believe," "intends," "continue," "plans," "expects," "anticipates," "estimates," "may," and other words of similar meaning or the use of future dates. Additional details about CCTI's business and its operations that could affect CCTI's actual results are described in CCTI's filings with the Securities and Exchange Commission, including the "Risk Factors" that are part of its most recent annual report on Form 10-K for the year ended December 31, 2013 and in each of its subsequently filed periodic reports. All forward-looking statements in this release speak only as of the date of this news release. CCTI undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
For More information please contact:
Clean Coal Technologies, Inc.
295 Madison Avenue, 12th Floor
New York, NY 10017
Phone: (646) 727-4847
Source: Clean Coal Technologies, Inc.
Released August 10, 2015